Increased manufacturing of refrigeration equipment

Argentina. According to the Ministry of Industry, in the last seven years the manufacture of refrigeration products in the nation grew by 321.17%. The representative of that portfolio, Débora Giorgi, explained that the increase in national production added to domestic consumption made companies such as Electrolux (Swedish), Mabe (Mexican) and Liliana (Argentina), announce strong investments that will generate about a thousand new jobs. In 2003, 168,014 refrigerators and 82,597 freezers were produced, while in 2010 the production volume rose to 773,143 and 282,366, respectively. Representatives of the private sector predict that this year (2011) the market will close with more than one million refrigerators and freezers manufactured in the country. According to the president of the Chamber of Refrigeration and Air Conditioning Industries, Roberto Lenzi "the quota plans of retail stores continues to be one of the keys to sustaining the consumption of white goods, and the millionaire investments in recent years led to almost triple the production capacity to reach 1.2 million units per year , with a strong incorporation of technology." Currently 80% of the refrigerators sold in Argentina are manufactured in the country, however, in 2003 they barely reached 30% of the total market.